Disney marches on Club Penguin
The House of Mouse is making room to tend to penguins. Disney has agreed to acquire fast-growing kid-targeted social networking phenom Club Penguin for a possible US$700 million. The entertainment giant is immediately forking out US$350 million, and says it could tack on another US$350 million by the end of 2009, if growth targets are met.
August 2, 2007
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